Year 1 draft will be a live auction featuring both veterans and rookies

Year 2 draft and there after will be a live standard draft featuring only rookies.

Draft order to be determined later.

Draft picks can be traded,

Salary cap will be based on years and the cap will be 40 years. After the draft is complete you will assign years to your players. The total of all players combined on your roster cannot be greater than 40 at this point in the off-season.

After this point free agency begins. Teams may sign players to multi-season contracts if they have the cap space. If they do not have cap space than can sign players to one year deals; such a player cannot be extended in the off-season.

Free agency will use a money system. Each team is given equal FA dollars which they can use to place secret bids on FA's who are currently on waivers. When a player is signed the team must immediately post on the league page or the league thread if it is a multi-season signing. If no mention is made within a one week window of the signing then the signing is deemed a one year deal regardless of cap space.

Released players' contracts will continue count against a team's cap.

Exception: Each team has a one time amnesty clause available for use. This will allow you to cut one player in the off-season without any salary cap implications.

At the end of the year you are allowed to two sign players on your roster to an extension for as many years as you want provided you remain under cap. This decision must be made prior to the draft.

Exception: You will be allowed to additionally re-sign or extend one player on your roster who you drafted as a rookie. [Effective 2013 draft]

I do have a question though regarding next years draft. Since there are 30 NBA teams, and two rounds of drafts, that equates to 60 draft picks. How many rounds will our draft be? Even at 2 rounds, that's 32 players. We'll be hard pressed to find 32 rookies just making squads, let alone playing time to provide stats to our fantasy teams. I hope I'm not too far off in my understanding here...

My apologies if this has been discussed elsewhere, I didn't notice it in the other thread.

That is a detail we have yet to finalize, just like how the ordering will work. I am happy with one round if that works. Alternatively we can say two rounds with only the first rounder being guaranteed a contract.

Maybe a draft of 1st and 2nd year players could work? I guess it's not too pressing as of right now, considering our first draft hasn't even commenced. I still think it's good to set rules early on. So if anyone has any suggestions on how we should do it, let's hear 'em!

Hey Matt!! Look up "Fantasy Basketball Draft '12 for Yahoo/ESPN" in the App store. $2.99 will let you participate in the draft!
Looking at the App, I almost want to get it .. looks very organized and handy.

Hey Matt!! Look up "Fantasy Basketball Draft '12 for Yahoo/ESPN" in the App store. $2.99 will let you participate in the draft!
Looking at the App, I almost want to get it .. looks very organized and handy.

Salary cap will be based on years and the cap will be 40 years. After the draft is complete you will assign years to your players. The total of all players combined on your roster cannot be greater than 45 at this point in the off-season.

Ok before I'll completely forget this thing for the turkey dinner tonight, I just want to ask on how or where to submit cap? I've never played a dynasty league and I was going to do it earlier but I couldn't find it on the Yahoo page.